Today we witnessed some intense volatility just ahead of this week’s FOMC and long list of key earnings announcements. In tonight’s video I walk through not only a plan for that, but also some other non-related trades that I’d like to be involved in.
The party is over. Don’t cry for a dead bull, just follow the charts and embrace the volatility (opportunity).
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
If the U.S. equities are turning back down, this is what it could look like.
The path between now and February have trend, seasonal, monetary policy, and earnings has both stepping stones and land mines. I discuss all of that in this deep dive into what levels are on the radar, as well as the tools you can use to best measure them.
In this video I walk through the two scenarios I see happening. The first one is very straightforward, and that would be a limit down Monday. The other scenario is shorting any time type of ripping rally first thing. Definitely not going to be a dull morning and quite possibly one of the most shocking openings in a long time.
Don’t buy it because it’s cheap. Buy it because of this.
